For the first time, the Commercial Branch of Hubballi Division of South Western Railway is holding E- Auctioning of Commercial Earning Contracts.
Various assets like Parking Contract, Parcel Space Contract, Waiting Hall Management Contract, Co Branding of station contract etc. have been uploaded in Indian Railway e-Procurement System (IREPS) for E-Auctioning.
The e-auctioning of these assets will commence with effect from 15th July 2022. Interested bidders can participate in this e-auctioning by logging on to www.ireps.gov.in.
To promote ease of doing business, Indian Railways has taken steps to bring Commercial Earning and Non-Fare Revenue contracts under the ambit of electronic auction through Indian Railway e-Procurement System (IREPS), in line with prevailing e auction of scrap sale.
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E-auction scheduled on 15/07/2022 :
Auction Catalogue No. -UBL-JULY-1
Auction Type -Close Ended
Auction Start (All Lots) – Date: 15/07/2022 @ 11:30
Initial Cooling Off Period -30 Minutes Auction Close Date/Time -Date: 15/07/2022 @ 12:30
Successive Lots Closing Interval -10 Minutes
Auto Extensions Zone -120 Seconds
Maximum Auto Extensions -10 Times
Auto Extension Duration -120 Seconds
Catalogue Published On-Date: 27/06/2022
Total 6 lots published
E-auctioning of Commercial Earning contracts : Belagavi
Parking Auction Scheduled on 15-07-2022: Belagavi
1. Allotment of Parking Lot for Four Wheelers at location BELAGAVI RAILWAY STATION for a period of THREE(3) years for an area for 5300.Sq.Ft.
2. Allotment of Parking Lot for Two Wheelers at location BELAGAVI RAILWAY STATION for a period of THREE (3) year for an area for 11200.Sq.Ft.
In e-auction system, bidder located anywhere in India need to self-register once for participating in auctions of any field unit of Indian Railways through the portal. For registering in IREPS, the bidder should possess DSC (Digital Signature), has to pay Rs. 10,000 towards one time registration fee, possess a Current Account with State Bank of India and has to link IREPS profile with the current account.
Remotely bid can be placed for management rights of an asset after depositing earnest money (EMD) electronically. Successful bidder would be able to receive acceptance online and through e-mail in very short span of time. There is no financial turnover requirement for annual contracts upto Rs. 40 lakhs.